Hacker News new | past | comments | ask | show | jobs | submit login

> incomes for lower and middle-class families have fallen since the 80s.

This is core to their argument, but it's false. Looking at the mean income of the lowest quintile in the US, historical and adjusting for inflation:

    1980  $4,310  $13,757
    1990  $7,166  $14,420
    2000 $10,190  $15,563
    2010 $10,994  $13,260
    2018 $13,995  $14,658
https://www.taxpolicycenter.org/statistics/household-income-...

(And, of course, internationally income has improved dramatically)




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: